In line with BLC Bank’s mission to support Small and Medium Enterprises (SMEs) & the Women’s Market, and to encourage entrepreneurship in the region, the Brilliant Lebanese Awards was launched in 2012 as the 1st Lebanese Banking Awards in Lebanon.
The Brilliant Lebanese Awards is designed to acknowledge and honor entrepreneurs who have achieved excellence and demonstrated personal commitment to their business and community. These awards are part of the Bank’s promise to provide SMEs and
women entrepreneurs with consultancy, learning & development opportunities, access to markets and nationwide exposure, in addition to financing.
More than 1175 entrepreneurs have participated in the Brilliant Lebanese Awards since its inception in 2012, noting that these Awards are open to all Lebanese businesses and not limited to BLC Bank clients.
2018 marks the 7th anniversary of the Brilliant Lebanese Awards; view previous editions here.
Selected finalists will take part in TV interviews, a 90-minute Awards ceremony broadcasted live on LBCI including a full report about each finalist’s business. Finalists will also get more than a full month of social media coverage on all BLC Bank and We Initiative platforms. The winners will receive, in addition to all the above, a wide media exposure following their announcement.
Finalists will attend an in-depth seminar on Finance, public speaking, pitching and Digital & Inbound Marketing to learn how to better manage their Businesses.
Applying to the Awards will also grant finalists the opportunity to take a step back and reassess their business’s vision & strategy.
Finalists will receive valuable coaching and advice from a professional jury panel along with opportunities to grow their business.
The winners of the Business of the Year, Woman Entrepreneur of the Year and Tech Innovation of the Year categories will each receive a USD 30,000 cash prize. As for the winner of the People’s Choice Award, s/he will walk away with a cash prize of USD 5,000.
The Business of the Year Award is intended for profitable businesses with differentiated products or services, a sustainable and scalable business model and a commitment to social responsibility.
The finalists of the three categories combined will participate in an online competition whereby the public will be given the opportunity to elect the recipient of the People’s Choice Award (voting rules & regulations).
The Woman Entrepreneur of the Year Award is intended for women-led (50% + 1 share owned by women), profitable businesses with differentiated products or services, a sustainable and scalable business model with commitment to social responsibility.
Any business based on digital and/or innovative technologies as its core business. This includes, but is not limited to: Businesses having developed their own IP (Intellectual Property), Patent, algorithm, and businesses based on new technologies or digital.
All applications received undergo a pre-selection process by the Brilliant Lebanese Awards Committee according to the four selection criteria mentioned below.
The 5 finalists selected for each of the “Business of the year”, “Woman Entrepreneur of the Year” and “Tech Innovation of the Year” categories will then present their business in front of the professional Jury Panel.
Their deliberations consist of a 20-minute presentation about their businesses covering the 4 selection criteria. A 15-minute Q&A and 10 minutes coaching and advice by the jury experts will follow.
Based on the deliberations, jury members will grade the finalists live during the Awards ceremony and the winners will be announced accordingly.
30% for the project’s idea and concept as well as its uniqueness and differentiation in the market.
30% for the profitability and growth of the business and the economic opportunities created.
25% for the development strategy of the business, its governance structure and other aspects indicating its chances of scalability, long-term success and future growth.
15% for the social opportunities created and the impact of the business on the environment and society in terms of jobs created and diversity and inclusion in its employment structure.